5232 Rumah Lelong Apartment / Condo · Bank Auction Properties
Explore bank auction apartments and condos in Kuala Lumpur and Selangor, where the urban pulse meets suburban convenience. This is a prime region for investors, first-home buyers, and upgraders, offering everything from high-rise city pads to sprawling condo communities. Bank auction properties often start with reserve prices 10-40% below market value, and units that have been passed in or relisted can be even cheaper, a smart way to unlock serious savings. The process is straightforward: register your interest, pay the 10% deposit, and bid on auction day. With a wide selection available, you can find a great deal without the usual market competition. Contact Peter Tan for auction dates, reserve prices, and guidance on the bidding process.
Taman Bukit Teratai
No. B1-02-06, Block B, Jalan Teratai 1/2E, Taman Bukit Teratai, 56100 Cheras, Selangor
Rumah Pangsa Kayu Ara
No. B-14-06, Rumah Pangsa Kayu Ara, No. 29, Jalan Teratai PJU 6A, 47400 Petaling Jaya, Selangor
Oakleaf Park Condominium
No. C-2-15, Oakleaf Park Condominium, Persiaran Bukit Jaya, Taman Bukit Jaya, 68000 Ampang, Selangor
Residensi Warnasari 2
Lili GR-31, Residensi Warnasari 2, Jalan Warnasari 13/1, Seksyen 13, Bandar Puncak Alam, 42300 Bandar Puncak Alam, Selangor
Laguna Biru
No. A-7-5, Jalan Tasik Biru 17, Laguna Biru, Taman Tasik Biru, 48050, Rawang, Selangor
PPR Pekan Batu
No. B-07-20, Block B, PPR Pekan Batu, Batu 5, Jalan Sultan Azlan Shah, 51200 Kuala Lumpur
Desa Tasik
No. 4-6-5, Blok 4, Jalan Selatan 2A, Desa Tasik, Sungai Besi, Kuala Lumpur
Casa Ria Apartment
No. A-3A-5, Casa Ria Apartment, Jalan Desa 10/2, Bandar Country Homes, 48000 Rawang, Selangor
Pandan Indah
No. M1-2-19, Block M1, Jalan Pandah Indah 6/1, Pandan Indah, 55100 Kuala Lumpur
Kondo Mutiara Villa
No. 568-12-33, Kondo Mutiara Villa, Batu 3 ½, Jalan Sultan Azlan Shah, 51200 Kuala Lumpur.
Residensi Selangorku Begonia
No. C-29-9, Residensi Selangorku Begonia, Jalan Eco Majestic 3A/5, Eco Majestic, 43500 Semenyih, Selangor
Mayfair Service Apartment
No. J-3A-11, Blok J, Mayfair Service Apartment, Jalan Sri Hartamas 1, 50480 Kuala Lumpur
Sri Penara
No. A-06-40, Blok A, Sri Penara, Jalan Sri Permaisuri 1, Bandar Sri Permaisuri, 56000 Kuala Lumpur
Pangsapuri Ilham
No. 4, Tingkat 12, Block 23, Pangsapuri Ilham, Jalan Sastera U2/1, Taman TTDI Jaya, Seksyen U2, 40150, Shah Alam, Selangor
Pangsapuri Jati Selatan
No. C-3A-8, Block C, Pangsapuri Jati Selatan, Jalan 1/125G, Desa Sri Puteri, 57100 Kuala Lumpur
Iris Apartment
No. A-8-5, Block A, Iris Apartment, Jalan 2/109C, Taman Abadi Indah, Off Jalan Kelang Lama, 58100 Kuala Lumpur
Laguna Biru
No. D-2-8, Laguna Biru, Jalan Tasik Biru 17, Taman Tasik Biru, 48050 Rawang, Selangor
Mutiara Magna Apartment
No. C-07-15, Mutiara Magna Apartment, No.2, Jalan Metro 1, Metro Prima, 51200 Kepong, Kuala Lumpur
Idaman Suria Apartment
No. 2-6-4, Idaman Suria Apartment, Jalan 10/21D, Medan Idaman, Gombak, 53100 Kuala Lumpur
Sri Camellia Apartment
No. P2-B-01-15, Parcel P2, Sri Camellia Apartment, Taman Sepakat Indah, Sg Chua (R/P), 43000, Kajang, Selangor
Pangsapuri Vista Lavender
No. A-08-10, Pangsapuri Vista Lavender, Persiaran Kinrara Seksyen 3, 47120 Puchong, Selangor
Kristal Villa Condominium
No. KV-03-19, Kristal Villa Condominium, Jalan Kajang Villa 3, Taman Kajang Villa, 43000 Kajang, Selangor
Bayu Residensi @ Seri Temenggung
No. 2-19-20, Bayu Residensi @ Seri Temenggung, Jalan Temenggung, 68100 Batu Caves, Selangor
Flat Taman Bunga Negara
No. 814, Tingkat 8, Block 26, Flat Taman Bunga Negara, Jalan Selayang Satu 27/27A, Seksyen 27, 40400 Shah Alam, Selangor
How to Buy an Auction Property in Malaysia
- 1Shortlist properties
Browse auction listings in Malaysia, compare each reserve price against nearby market prices and note the discount. Unsold properties are re-auctioned at a lower reserve, typically dropping 10% per round.
- 2Do your due diligence
Get the Proclamation of Sale (POS), check the land title, quit rent and assessment, outstanding maintenance fees and utility bills, and whether the property is still occupied. For strata units, confirm who settles arrears with the management office.
- 3Arrange financing early
Most banks finance auction purchases, but the balance is due within 90 to 120 days of the auction. Get loan pre-approval before bidding so your deposit is never at risk of forfeiture.
- 4Register and pay the deposit
Register before auction day through the bank's e-Lelong portal or the licensed auctioneer, and prepare a bank draft of 5% to 10% of the reserve price as the deposit. Requirements vary slightly between banks and auction houses.
- 5Bid and complete
Bid on auction day. The winning bidder signs the memorandum of sale on the spot and settles the balance within 90 or 120 days as stated in the POS, after which the transfer is completed. An auction specialist can guide you through every step.
Reminder: auction properties are sold as-is and may come with arrears or occupants, so always complete due diligence first. Contact Peter Tan for free guidance through the whole process. Read the full buying guide →
FAQ · Apartment / Condo
How many auction properties are there in Malaysia?+
There are currently 5232 bank auction (lelong) properties in Malaysia, sourced from major banks and licensed auctioneers and updated regularly.
How much below market are auction properties in Malaysia?+
Reserve prices in Malaysia are typically 10-40% below market value, and drop roughly another 10% each time a property goes unsold.
Can I get a loan for a lelong property in Malaysia?+
Yes, most banks finance auction properties, but the balance is due within 90 to 120 days, so get loan pre-approval before bidding. Contact Peter Tan for details.
How much deposit do I need to bid in Malaysia?+
You typically need a bank draft of 5% to 10% of the reserve price as the deposit. After a successful bid, the balance is due within 90 to 120 days as stated in the Proclamation of Sale.
What are the risks of buying a lelong property in Malaysia?+
Auction properties are sold as-is and may carry outstanding maintenance fees, utility bills or occupants. Review the Proclamation of Sale and do a title search before bidding, or engage a specialist to assess it for you.